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Source: Real Clear Politics
Full Replay: Federal Reserve Chair Jerome Powell Briefing Following Open Market Meeting
By Tim Hains | December 15, 2021
Federal Reserve Chair Jerome Powell answered questions from reporters on Wednesday following the December meeting of the Federal Open Markets Committee, where it was announced that the Fed will speed up the taper of its asset-purchase program and raise interest rates three times next year.
Read via CNBC: A full recap of the Fed decision with Powell highlights and instant investor insight
"We've learned that it's best to take a careful, sort of methodical approach to make adjustments," Powell said. "Markets are going to be sensitive to it, and we thought this was doubling the speed. We are basically two meetings away now from finishing the taper. We thought that was the appropriate way to go."
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